Bitcoin

A crypto wallet that received $2 billion of bitcoin from defunct exchange <a href="https://optimisus.com/news/crypto-news/mt-gox-is-close-to-finishing-its-bitcoin-repayment-plan-after-transferring-2-billion-in-btc/" rel="noopener noreferrer nofollow">Mt. Gox’s trustee initiated a test transactio</a>n on Tuesday, possibly to prepare distributing funds to creditors.Arkham Intelligence analysts believe the wallet likely belongs to the crypto custody platform BitGo, one of the five service providers that distribute tokens to creditors. BitGo is the last remaining distribution partner.The test transaction followed a 33,100 <a href="https://optimisus.com/news/crypto-news/bitcoin-btc-price-still-hovers-above-66k-despite-mt-gox-repayments/" rel="noopener noreferrer nofollow">BTC</a> transfer two weeks ago, worth $2.2 billion, from a Mt. Gox cold wallet holding creditors’ funds. Arkham explained the process of tagging the wallet as likely BitGo in a Telegram message.Some users in a Reddit channel dedicated to Mt. Gox creditors reported that they received funds to their BitGo accounts, but CoinDesk hasn’t verified the claims.BitGo didn’t return a request by CoinDesk to confirm the transaction as of press time. Mt. Gox was once the largest Bitcoin exchange before imploding in 2014 due to a hack.

A crypto wallet containing $2 billion worth of Mt. Gox Bitcoin initiates a trial transaction

Optimisus

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